Fidelity Investments launched the Fidelity Reserves Digital Fund (FYMXX) on June 15, a government money market fund built specifically to hold stablecoin reserves under the GENIUS Act, joining a growing queue of traditional finance giants racing to own the plumbing of the regulated stablecoin economy. Currently, the total stablecoin market cap sits at over $315Bn,…
If tokenized assets gain traction under clearer regulations, Grayscale believes that AAVE could emerge as one of DeFi’s biggest beneficiaries. AAVE’s fair value could climb to around $175 within the next year if clearer regulations accelerate the adoption of tokenized real-world assets (RWAs), according to a new report from Grayscale Research. The firm estimates…
The XRP Ledger community has reported a growing list of software issues after the June 15 release of xrpld version 3.2.0, even as only 26% of network nodes have upgraded to the new software. Summary XRP Ledger’s latest xrpld upgrade has triggered multiple bug reports, including node synchronization failures. Developers identified issues affecting transaction relays,…
SOL is among the top performers today, but is there’s a major reversal on the way? Solana investors have changed their tactics in the past several days, as on-chain data shows a massive spike in SOL exchange inflows. According to popular analyst Ali Martinez, such behavior could be the catalyst for a more profound…
Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. Summary Michael Saylor defended Strategy’s Bitcoin strategy as STRC plunged below its $100 par value. Peter Schiff floated fraud allegations while questioning Strategy’s promotion of…
The popular investor and author believes the environment is more important. Current prices are not the most important thing when it comes to determining whether it’s the right time to acquire a certain asset, said the person behind one of the most popular investment books, Rich Dad, Poor Dad. Kiyosaki further explained when he…
Bio Protocol has launched OpenLabs, a platform that combines AI-assisted research development, community funding, and on-chain governance as its ecosystem surpasses $33 million in capital raised. Summary Bio Protocol launched OpenLabs, combining AI-assisted research development, collaboration, and funding in one platform. Researchers can seek funding through community voting, with BIO token holders participating in governance…
XRP remains under pressure across both its USD and Bitcoin pairs, with the asset continuing to trade within a well-defined bearish structure. While buyers have managed to defend key support levels in recent weeks, the broader trend has yet to show convincing signs of a reversal, as the token remains below major moving averages and…
Attorney Ian R. Cohen has filed a new court rebuttal opposing efforts to revive a lawsuit that seeks control of roughly 3.8 million Bitcoin worth an estimated $238 billion, including wallets linked to Bitcoin creator Satoshi Nakamoto. Summary Ian Cohen has opposed efforts to revive a lawsuit targeting 39,069 Bitcoin wallets holding an estimated $238…
Ripple’s dollar-pegged stablecoin RLUSD made two concrete infrastructure moves this week: cross-chain routing platform Squid integrated RLUSD for single-transaction swaps across more than 100 blockchains and 20,000-plus tokens. Ripple took a strategic stake in African payments giant Flutterwave at a $3.2Bn Series E valuation to embed RLUSD and the XRP Ledger into payment rails spanning…
